IMPROVED SALES FORECAST ACCURACY

IMPROVED SALES FORECAST ACCURACY

How SOAR helped a telecommunications company increase their sales forecast accuracy by 140%.

Situation:

A start-up within a Fortune 500 communications company, which had board level visibility due to the strategic nature of the new organization, was consistently missing their forecast.

Solution:

Through a Sales Execution Assessment, SOAR was able to identify the root causes of the missed forecasts.

Then, SOAR developed a best practice sales process, management reporting dashboard and funnel/forecast review and coaching process.

Results:

Following the project, the organization recognized a 140% increase in forecast accuracy and reduced the executive reporting cycle from 7 days to 1.

One year after the project was completed, the organization had the same headcount, but produced 591% more agreements.

Five years after the project was complete, this group grew from $300 million to over $1 billion and was the only group in the entire company that had hit their revenue number every single quarter.

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